## **Trustees’ Annual Report for the period** **From 1 July 2020 to 30 June 2021** **Charity name: New Beginnings Reading Charity registration number: 1172967** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|The prevention or relief of poverty or financial
hardship of persons in Reading who are in need
due to social or economic reasons, regardless of
their religion or belief, by providing warmth, food
and other essential items, temporary short to
midterm and overnight accommodation, and
assisting individuals to access other long-term
services designed to help them become
self-sufficient. To promote social inclusion for the
public benefit by preventing people in Reading
from becoming socially excluded, relieving the
needs of those people who are socially excluded
and assisting them to integrate into society.
For the purpose of this clause ‘socially excluded’
means being excluded from society, or parts of
society, as a result of one or more of the following
factors:
Unemployment, financial hardship, ill health
(mental or physical), substance abuse or
dependency including alcohol or drugs,
relationship and family breakdown, poor housing
(that is housing that does not meet basic
habitable standards), crime (either as a victim of
crime or offender rehabilitating into society).| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or services
identified in the accounts.|Para 1.17 and
1.19|Our main activities and who we try to help are
described below. All our charitable activities focus
on the prevention or relief of poverty or financial
hardship of persons in Reading, and are
undertaken to further our charitable purposes for
the public benefit.
Summary of the main activities undertaken for
the public benefit:
The All Night Cafe for rough sleepers, which
started in November 2018, is Reading’s only
instant access night shelter. Its aim is to offer a
warm welcome to people who are street
homeless on Friday and Saturday evenings for| 1 |||the coldest months of the year. Guests are
served a hot meal, enjoy conversation with each
other and volunteers, have a safe place to sleep
for the night and are given breakfast in the
morning. There are also personal and clothes
washing facilities.
The Community Fridge also opened in 2018. It
operates like a food bank but no referrals are
needed and everyone is welcome. It is open on a
Tuesday, Wednesday, Thursday and Friday every
week all year long offering free food to those in
need. Fresh, chilled and canned goods are
available as well as a regular clothes and
toiletries service. Advice and support is available
to all service users from trained volunteers.
The All Night Cafe continued to be disrupted in
2020/2021 due to the COVID-19
social-distancing restrictions as was the After
School Cafe which was suspended from March
2020.
During this reporting period, the Community
Fridge was the only service able to operate.| |---|---|---| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|The Trustees have complied with their duty in
Section 17 of the Charities Act 2011 to have paid
due regard to the Charity Commission’s guidance
on public benefit in deciding which activities the
charity should undertake.| ## **Additional information (optional)** You may choose to include further statements where relevant about: ||SORP reference|| |---|---|---| |Policy on grant making|Para 1.38|New Beginnings Reading is not a grant making
organisation.| |Policy on social investment
including program related
investment|Para 1.38|Funds that are raised go back into operating the
charity.| |Contribution made by
volunteers|Para 1.38|The charity has an excellent network of willing
volunteers, involving over 2000 people since our
inception in 2018. Currently we have 150
volunteers who work shifts providing the food,
shelter, meeting and cafe activities. Volunteer
roles include:
●
Social media
●
Volunteer administration
●
Collecting surplus food
●
Running the Community Fridge
●
Fundraising| 2 ● Bookkeeping Local companies, businesses, supermarkets, community groups, churches, universities, schools, other local charities and individuals have all contributed their time, energy, kindness, supplies and financial donations. The trustees and our guests are always extremely grateful for the support of volunteers and benefactors. Other ## **Achievements and Performance** ||SORP reference|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|COVID-19 restrictions continued to impact our
services in financial year 2020/2021. The
All-Night Cafe, Community Cafe and After-School
Cafe were suspended as a result of social
distancing requirements.
The charity increased its Community Fridge
services (Food Bank). The weekly clothes,
pre-owned school uniforms and toiletries service
proved very popular. Both services are operated
wholly by volunteers.
The Community Fridge has approximately 60
attendees each time it opens, and including wider
dependents, it benefits around 160 people each
time. This is over 33,000 supportive interventions
per year. It was a beacon of hope and support
during COVID restrictions; guests were served
from the front door in 2020/2021 to comply with
social-distancing requirements. The Fridge is
operated on average by 20 volunteers per week,
working 28 shifts which includes collecting,
sorting, storing, preparing and giving out food.
One of our greatest achievements is bringing
former service users on board as volunteers, a
great way for them to come back into the
community and give back to society.
Our corporate donors continue to provide the
means to operate the service, donating food,
toiletries and other services. We resumed
corporate volunteer days when social distancing
rules permitted, keeping The Queens Arms
maintained and improving facilities where
possible, including our outside garden space.
The charity continues to encourage financial
donations, and operates various fundraising
activities, including events and grant applications.
New Beginnings Reading first paid member of| 3 staff, our Centre Manager, joined in February 2021. In 2020/21 New Beginnings Reading took on its first paid member of staff. The Centre Manager is responsible for registering and inducting volunteers, ensuring services are fully staffed and the caretaking of the Queens Arms. A survey of service users showed they were wholly positive about the service that is provided. Most service users live in Reading and visit the Community Fridge several days a week. Our Centre Manager tracks service usage aiming to make sure we are offering the most useful services for the community we serve. ## **Additional information (optional)** You may choose to include further statements where relevant about: |||| |---|---|---| |Achievements against
objectives set|Para 1.41|| |Performance of fundraising
activities against objectives
set|Para 1.41|| |Investment performance
against objectives|Para 1.41|| |Other||| |||| 4 ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|At 30 June 2021 New Beginnings Reading had
£124,849 cash in the bank.| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|The target minimum Reserve Fund is equal to
two months of average operations costs. The
calculation of average monthly operating costs
includes all recurring and predictable expenses.
The calculation of average monthly expenses
excludes some expenses, for example one time
or unusual capital purchases. The amount of the
Reserve Fund target minimum will be calculated
each year after approval of the annual budget,
reported to the Board of Trustees, and included in
the regular financial reports.| |Amount of reserves held|Para 1.22|£16,000| |Reasons for holding zero
reserves|Para 1.22|NA| |Details of fund materially in
deficit|Para 1.24|NA| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|NA| ## **Additional information (optional)** You may choose to include further statements where relevant about: |The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|Personal donations, grants and corporate
sponsorship.| |---|---|---| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|| |A description of the principal
risks facing the charity|Para 1.46|| |Other||| |||| 5 ## **Structure, Governance and Management** |Description of charity’s
trusts:||N/A| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|CIO Constitution| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|Association Constitution| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|Appointed by existing Trustees| ## **Additional information (optional)** You may choose to include further statements where relevant about: |Policies and procedures
adopted for the induction and
training of trustees|Para 1.51|Trustees and Centre Manager: Financial Policy
and Procedures.
All - Policies for Alcohol and Drugs, Anti-Bribery,
Code of Conduct, Confidentiality and Boundaries,
Conflict of Interest, Equal Opportunities, Health
and Safety, Prevention of Violence,
Safeguarding, Whistleblowing, Data Protection
Trustees receive Constitution and a copy of the
latest Annual Report and Accounts as part of
their induction.| |---|---|---| |The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|| |Relationship with any related
parties|Para 1.51|| |Other||| |||| ## **Reference and Administrative details** |Charity name|New Beginnings Reading| |---|---| |Other name the charity uses|NA| |Registered charitynumber|1172967| 6 |Charity’s principal address|Queens Arms
24 Great Knollys Street
Reading
RG1 7HL| |---|---| ||| 7 **Names of the charity trustees who manage the charity** ||**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person**
**(or body) entitled**
**to appoint**
**trustee (if any)**| |---|---|---|---|---| |1|Grace Gomez|Chairperson||| |2|Judith Brailli|Treasurer|Resigned 30 Oct 20|| |3|Sophie Kimber|Secretary||| |4|Kenneth Stent|||| |5|PennyHajinicolas||Resigned 31 May21|| |6|Lisa Philpott|||| |7|Helen Grieves|Treasurer|Resigned 31 Jan 21|| Corporate trustees – names of the directors at the date the report was approved **Director name** NA Name of trustees holding title to property belonging to the charity |**Trustee name**|**Dates acted if not for whole year**|| |---|---|---| |NA||| |||| |||| |||| |||| |||| 8 ## **Funds held as custodian trustees on behalf of others** |Description of the assets
held in this capacity|NA| |---|---| |Name and objects of the
charity on whose behalf the
assets are held and how this
falls within the custodian
charity’s objects|NA| |Details of arrangements for
safe custody and
segregation of such assets
from the charity’s own assets|NA| ## **Additional information (optional) Names and addresses of advisers (Optional information)** |**Additional information (optional)**
**Names and addresses of advisers (Optional information)**|**Additional information (optional)**
**Names and addresses of advisers (Optional information)**|**Additional information (optional)**
**Names and addresses of advisers (Optional information)**|**Additional information (optional)**
**Names and addresses of advisers (Optional information)**| |---|---|---|---| |**Type of**
**adviser**
**Name**
**Address**|||| ||**Independ**
**ent**
**Examiner**|Kelly Willcox|1 Peach Street, Wokingham, Berkshire RG40 1XJ| ||**Solicitor**|DLA Piper LLP|| ||||| ||||| |**Name of chief executive or names of senior staff members (Optional information)**|||| ||||| ||In 2021, we recruited a Centre Manager, Nicole Novak (February 21- July 21), and in August 21 Louis
Howard-Krelle, who is actively involved in all day-to-day management and operations of our services.||| In 2021, we recruited a Centre Manager, Nicole Novak (February 21- July 21), and in August 21 Louis Howard-Krelle, who is actively involved in all day-to-day management and operations of our services. ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details ## **Other optional information** 9 **Declarations** |**Declarations**|**Declarations**|**Declarations**|**Declarations**|**Declarations**|**Declarations**|**Declarations**|**Declarations**| |---|---|---|---|---|---|---|---| |**The trustees declare that they have approved the trustees’ report above.**
**Signed on behalf of the charity’s trustees**|||||||| ||||**Signature(s)**||||| ||||||||| ||||**Full name(s)**||Sophie Kimber||| ||||||||| ||**Position (eg Secretary,**
**Chair, etc)**|||Vice Chair|||| ||||||||| |||**Date**||28/04/2022|||| 10 ## **Charity No. 1172967** ## **End of Year Financial Statements** ## **30 June 2021** _Page 1_ ## **NEW BEGINNINGS READING** |Registered Charity:|Charity Number 1172967| |---|---| |Registered Office:|Queens Arms| ||Great Knollys Street| ||Reading| ||RG1 7HL| |Website:|www.newbeginningsreading.org| |Bankers:|Metro| |Trustees:|Grace Gomez, Chairman| ||Judith Braili, Treasurer| ||Sophie Kimber, Secretary| ||Lisa Philpott| ||Kenneth Stent| |Founder and CEO:|Grace Gomez| _Page 2_ ## **CHAIRMAN’S STATEMENT** This report was approved by the Board of Trustees and signed on its behalf by: ………………………………………………….. **Sophie Kimber, Vice Chair** ## _30/03/2022_ ………………………………………………….. ## **Date** _Page 3_ ## **INDEPENDENT EXAMINER’S REPORT TO THE ACCOUNTS** ## **Report to the Trustees of New Beginnings Reading (Charity Number 1172967) on the Accounts for the year ended 30 June 2021** ## **Respective responsibilities of trustees and examiner:** The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under Section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to: - § examine the accounts under Section 145 of the Charities Act - § follow the procedures laid down in the general directions given by the Charity Commission (under Section 145(5)(b) of the Charities Act) - § state whether particular matters have come to my attention ## **Basis of independent examiner’s statement** My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view, and the report is limited to those matters set out in the statement below. ## **Independent examiner’s statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect: - the accounting records were not kept in accordance with section 130 of the Charities Act; or - the accounts did not accord with the accounting records; or - the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. …………………………… ## **Kelly Willcox (Msc, CGMA, ACMA), Claritas Accountancy Ltd** _30 March 2022_ …………………………… ## **Date** _Page 4_ ## **Statement of Financial Activities** |**Statement of Financial Activities**|| |---|---| ||**Unrestricted**
**Restricted**
**Endowment**
**Total**
**Prior year**
**funds**
**funds**
**funds**
**funds**
**total funds**| |**Income and endowments from:**
Donations and legacies
Grants
Other trading activities
Other income
Admin
Transfers
**Total income and endowments:**
**Expenditure on:**
Maintenance / Utilities
Rent
General Services
Management and Administration
Staff
Marketing and Advertising
Transfer
Other
**Total expenditure:**
Gains / losses on investment assets
**Net income / (expenditure) resources before**
**transfer**
**Transfers**
Gross transfers between funds - in
Gross transfers between funds - out
**Other recognised gains / losses**
Gains on revaluation, fixed assets, charity's own use
**Net movement in funds**
**Total funds brought forward**
**Total funds carried forward**
**Represented by**
**Unrestricted**
General fund
**Restricted**
Restricted fund|65,611
1,000
—
7,000
—
—
65,611
8,000
96,123
50,705
1,456
—
—
1,456
3,192
990
2,318
—
—
—
—
—
—
—
990
2,318
—
680
6,242
4,170| ||**71,375**
**7,000**
**—**
**78,375**
**161,112**
28,661
30,000
—
—
—
—
28,661
30,000
34,064
7,200
5,389
—
—
5,389
5,967
314
5,737
110
—
8,628
—
—
—
—
—
—
—
—
—
—
314
5,737
110
—
8,628
3,502
14,464
522
4,170
2,706| ||**78,839**
**—**
**—**
**78,839**
**72,595**
—
—
—
—
—| ||**(7,464)**
**7,000**
**—**
**(464)**
**88,517**
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—| ||**(7,464)**
**7,000**
**—**
**(464)**
**88,517**| ||**88,904**
**32,110**
**—**
**121,014**
**32,497**| ||**81,440**
**39,110**
**—**
**120,550**
**121,014**
81,440
—
—
81,440
88,904
—
39,110
—
39,110
32,110| _Page 5_ ## **Balance sheet** ||**Total funds**
**Prioryear funds**
—
—
—
—
—
242
116,133
3,000
1,440
123,189
—
—
**120,573**
**123,431**
23
2,417
**120,550**
**121,014**
**120,550**
**121,014**
**120,550**
**121,014**
81,440
88,904
39,110
32,110
**120,550**
**121,014**| |---|---| |**Fixed assets**
Tangible assets
**Current assets**
Debtors
Cash at bank and in hand
Prepayments
Credit Card
**Current liabilities**
Creditors
**Net current assets less current liabilities**
**Total assets less current liabilities**
**Total net assets less liabilities**
**Represented by**
**Unrestricted**
General fund
**Restricted**
Restricted fund
**Funds**|| _Page 6_ ## **Statement of assets and liabilities** ||**General Designated**
**Restricted Endowment**
**Thisyear**
**Lastyear**| |---|---| |**Fixed assets - Tangible assets**
**Totals**
**Current assets - Cash at bank and in hand**
Bank Account - Current
**Totals**
**Current assets - Debtors**
Accounts Receivable
Prepayments
Other
**Totals**
**Current Liabilities**
Creditors
**Grand total**|—
—
—
—
—
—| ||—
**—**
**—**
**—**
—
—
116,133
—
—
—
116,133
123,189| ||**116,133**
**—**
**—**
**—**
**116,133**
**123,189**
—
3,000
1,440
—
—
—
—
—
—
—
—
—
—
3,000
1,440
242
—
—| ||**4,440**
**—**
**—**
**—**
**4,440**
**242**
23
—
—
—
23
2,417| ||**120,550**
**—**
—
**—**
**120,550**
**121,014**| ## **Fund movement by type** ||**Opening**
**Incoming**
**Outgoing**
**Transfers Gains/losses**
**Closing**| |---|---| |**Restricted - Restricted fund**
Restricted
**Sub-total for Restricted**
**General - General fund**
Unrestricted
**Sub-total for General**
**Grand total**|32,110
7,000
—
—
—
39,110| ||**32,110**
**7,000**
**—**
**—**
**—**
**39,110**
88,904
71,375
78,839
—
—
81,440| ||**88,904**
**71,375**
**78,839**
**—**
**—**
**81,440**| ||**121,014**
**78,375**
**78,839**
**—**
**—**
**120,550**| _Page 7_ ## **Notes to the Financial Statements** ## **1. Accounting Policies** ## **Basis of preparation** The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at fair value. The accounts (financial statements) have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019. The financial statements are prepared in sterling, which is the functional currency of the charitable company. Monetary amounts in these financial statements are rounded to the nearest £. The accounts have been prepared on the historical cost convention, modified to include revaluation of certain financial instruments at fair value. The principal accounting policies adopted are set out below. ## **Going concern** At the time of approving the financial statements, the trustees have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. Thus, the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. ## **Incoming resources** Income is recognised when the charitable company is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that the income will be received. Donations and grants are recognised once the charitable company has been notified of the donation or grant, unless performance conditions require deferral of the amount. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charitable company to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources. Costs of generating funds are those costs associated with attracting voluntary income. Charitable activities expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Governance costs include those costs associated with the governance of the charity and are primarily associated with constitutional and statutory requirements. Support costs include central functions and have been allocated to activity costs categories consistent with the use of the resource. ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. _Page 8_ Restricted funds can only be used for particular restricted purposes within the objects of the conditions as set by the donors. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **Pension costs and other post-retirement benefits** The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. ## **Cash and cash equivalents** Cash and cash equivalents include cash in hand. ## **Basic financial assets** Basic financial assets, which includes debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. ## **Basic financial liabilities** Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of its operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using effective interest rate. ## **2. Other Trading Activities** |**This year**|**Last year**| |---|---| |1,456|3,192| |**1,456**|**3,192**| ## **3. Trustees’ Remuneration and Benefits** There were no trustees' remuneration or other benefits for the year ended 30 June 2021 nor for the period ended 30 June 2020. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 30 June 2021 nor for the period ended 30 June 2020. _Page 9_ ## **4. Staff Costs** The average monthly number of employees during the year was as follows: |**This year**|**Last year**| |---|---| |1|0| |**1**|**0**| No employees received emoluments in excess of £60,000. ## **5. Comparatives for the Statement of Financial Activities** ||**Unrestricted**
**Restricted**
**Endowment**
**Total**
**Prior year**
**funds**
**funds**
**funds**
**funds**
**total funds**| |---|---| |**Income and endowments from:**
Donations and legacies
Grants
Other trading activities
Other income
Admin
Transfers
**Total income and endowments:**
**Expenditure on:**
Maintenance / Utilities
Rent
General Services
Management and Administration
Staff
Marketing and Advertising
Transfer
Other
**Total expenditure:**
Gains / losses on investment assets
**Net income / (expenditure) resources before**
**transfer**
**Transfers**
Gross transfers between funds - in
Gross transfers between funds - out
**Other recognised gains / losses**
Gains on revaluation, fixed assets, charity's own use
**Net movement in funds**
**Total funds brought forward**
**Total funds carried forward**
**Represented by**
**Unrestricted**
General fund
**Restricted**
Restricted fund|65,611
1,000
—
7,000
—
—
65,611
8,000
96,123
50,705
1,456
—
—
1,456
3,192
990
2,318
—
—
—
—
—
—
—
990
2,318
—
680
6,242
4,170| ||**71,375**
**7,000**
**—**
**78,375**
**161,112**
28,661
30,000
—
—
—
—
28,661
30,000
34,064
7,200
5,389
—
—
5,389
5,967
314
5,737
110
—
8,628
—
—
—
—
—
—
—
—
—
—
314
5,737
110
—
8,628
3,502
14,464
522
4,170
2,706| ||**78,839**
**—**
**—**
**78,839**
**72,595**
—
—
—
—
—| ||**(7,464)**
**7,000**
**—**
**(464)**
**88,517**
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—| ||**(7,464)**
**7,000**
**—**
**(464)**
**88,517**| ||**88,904**
**32,110**
**—**
**121,014**
**32,497**| ||**81,440**
**39,110**
**—**
**120,550**
**121,014**
81,440
—
—
81,440
88,904
—
39,110
—
39,110
32,110| _Page 10_ ## **6. Debtors: Amounts falling due within one year** |Reading Bike Kitchen
**7. Creditors: Amounts falling due within one year**
Reading Bike Kitchen|**This year**
**Last year**
—
242| |---|---| ||**—**
**242**
**This year**
**Last year**
23
2,417| ||**23**
**2,417**| ## **8. Leasing Agreements** There were no leasing agreements in the period. ## **9. Related Party Disclosures** There were no related party transactions for the year ended 30 June 2021. ## **10. Analysis of restricted fund movements** |**Balance 1 July 2020**
**Resources**
**Expended**
**Transfers Balance 1 June**
**2021**|**Balance 1 July 2020**
**Resources**
**Expended**
**Transfers Balance 1 June**
**2021**| |---|---| |Bathroom Facilities
All night café
After school café / activities
Community fridge
Covid-19
**Total**|6,182
23,811
—
—
—
—
—
—
6,182
23,811
255
3,000
—
—
3,255
1,862
—
—
4,000
—
—
—
—
1,862
4,000| ||**32,110**
**7,000**
**—**
—
**39,110**| All restricted funds are to assist the charitable company in respect of the provision of services. Coronavirus support relates to funding to assist the activities during the Covid-19 pandemic. _Page 11_ ## **Detailed Statement of Financial Activities for the Year Ended 30 June 2021** ## **Analysis of income** ## **Donations and legacies** |Reading Borough Council
Lottery
Fund Raising
Donations & Events
PAYPAL
Schools
Smile
Charities Aid Foundation
**Total**|**Total**
**Unrestricted**
**Designated**
**Restricted Endowment**
**This year**
**Last year**
—
—
—
50,168
6,687
332
151
8,273
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
50,168
6,687
332
151
8,273
10,000
18,954
786
46,450
19,215
718
—
—| |---|---| ||**65,611**
**—**
**—**
**—**
**65,611**
**96,123**| |**Grants**
Reading Borough Council
ASC Activities
Misc for general activities
Restricted Covid
**Total**|**Total**
**Unrestricted**
**Designated**
**Restricted Endowment**
**This year**
**Last year**
1,000
—
—
—
—
—
—
—
3,000
—
—
4,000
—
—
—
—
4,000
—
—
4,000
13,000
8,950
28,755
—| ||**1,000**
—
**7,000**
**—**
**8,000**
**50,705**| ## **Other trading activities** |**Other trading activities**|| |---|---| |Bike Kitchen
**Total**|**Total**
**Unrestricted**
**Designated**
**Restricted Endowment**
**This year**
**Last year**
1,456
—
—
—
1,456
3,192| ||**1,456**
**—**
**—**
**—**
**1,456**
**3,192**| |**Other income**
The Way Ministry
Sadaka
**Total**|**Total**
**Unrestricted**
**Designated**
**Restricted**
**Endowment**
**This year**
**Last year**
—
—
—
—
—
520
990
—
—
—
990
160| ||990
—
—
—
990
680| _Page 12_ ## **Admin** |**dmin**||| |---|---|---| |HMRC
Refunds
**Total**||**Total**
**Unrestricted**
**Designated**
**Restricted**
**Endowment**
**This year**
**Last year**
2,318
—
—
—
—
—
—
—
2,318
—
5,902
340| |||2,318
—
—
—
2,318
6,242| ## **Analysis of expenditure** ## **Expenditure on Maintenance / Utilities** |Utilities
Repairs and Maintenance
Rent
Materials & Equipment
Insurance
H&S
**Total**|**Total**
**Unrestricted**
**Designated**
**Restricted**
**Endowment**
**This year**
**Last year**
4,870
—
—
—
4,870
5,857
4,982
—
—
—
4,982
1,242
30,000
—
—
—
30,000
28,800
14,420
603
3,786
—
—
—
—
—
—
—
—
—
14,420
603
3,786
4,158
528
679| |---|---| ||58,661
—
—
—
58,661
41,264| ## **Expenditure on General Services** |After school café
Food & Beverage
Other
Computer Expenses
**Total**|**Total**
**Unrestricted**
**Designated**
**Restricted**
**Endowment**
**This year**
**Last year**
3,794
—
—
—
3,794
2,616
36
—
—
—
36
1,033
622
937
—
—
—
—
—
—
622
937
2,099
219| |---|---| ||5,389
—
—
—
5,389
5,967| ## **Expenditure on Management & Administration** |Professional Fees
Administration Fees
Other
**Total**|**Total**
**Unrestricted**
**Designated**
**Restricted**
**Endowment**
**This year**
**Last year**
314
—
—
—
314
1,628
—
—
—
—
—
966
—
—
—
—
—
908| |---|---| ||314
—
—
—
314
3,502| _Page 13_ ## **Other expenditure** |**ther expenditure**|| |---|---| |Staff Costs UK
Marketing & Advertising
Other
**Total**|**Total**
**Unrestricted**
**Designated**
**Restricted**
**Endowment**
**This year**
**Last year**
5,737
—
—
—
5,737
14,464
110
8,628
—
—
—
—
—
—
110
8,628
522
2,706| ||14,475
—
—
—
14,475
17,692| _Page 14_ ## **Charity No. 1172967** ## **End of Year Financial Statements** ## **30 June 2021** _Page 1_ ## **NEW BEGINNINGS READING** |Registered Charity:|Charity Number 1172967| |---|---| |Registered Office:|Queens Arms| ||Great Knollys Street| ||Reading| ||RG1 7HL| |Website:|www.newbeginningsreading.org| |Bankers:|Metro| |Trustees:|Grace Gomez, Chairman| ||Judith Braili, Treasurer| ||Sophie Kimber, Secretary| ||Lisa Philpott| ||Kenneth Stent| |Founder and CEO:|Grace Gomez| _Page 2_ ## **CHAIRMAN’S STATEMENT** This report was approved by the Board of Trustees and signed on its behalf by: ………………………………………………….. **Sophie Kimber, Vice Chair** ## _30/03/2022_ ………………………………………………….. ## **Date** _Page 3_ ## **INDEPENDENT EXAMINER’S REPORT TO THE ACCOUNTS** ## **Report to the Trustees of New Beginnings Reading (Charity Number 1172967) on the Accounts for the year ended 30 June 2021** ## **Respective responsibilities of trustees and examiner:** The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under Section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to: - § examine the accounts under Section 145 of the Charities Act - § follow the procedures laid down in the general directions given by the Charity Commission (under Section 145(5)(b) of the Charities Act) - § state whether particular matters have come to my attention ## **Basis of independent examiner’s statement** My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view, and the report is limited to those matters set out in the statement below. ## **Independent examiner’s statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect: - the accounting records were not kept in accordance with section 130 of the Charities Act; or - the accounts did not accord with the accounting records; or - the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. …………………………… ## **Kelly Willcox (Msc, CGMA, ACMA), Claritas Accountancy Ltd** _30 March 2022_ …………………………… ## **Date** _Page 4_ ## **Statement of Financial Activities** |**Statement of Financial Activities**|| |---|---| ||**Unrestricted**
**Restricted**
**Endowment**
**Total**
**Prior year**
**funds**
**funds**
**funds**
**funds**
**total funds**| |**Income and endowments from:**
Donations and legacies
Grants
Other trading activities
Other income
Admin
Transfers
**Total income and endowments:**
**Expenditure on:**
Maintenance / Utilities
Rent
General Services
Management and Administration
Staff
Marketing and Advertising
Transfer
Other
**Total expenditure:**
Gains / losses on investment assets
**Net income / (expenditure) resources before**
**transfer**
**Transfers**
Gross transfers between funds - in
Gross transfers between funds - out
**Other recognised gains / losses**
Gains on revaluation, fixed assets, charity's own use
**Net movement in funds**
**Total funds brought forward**
**Total funds carried forward**
**Represented by**
**Unrestricted**
General fund
**Restricted**
Restricted fund|65,611
1,000
—
7,000
—
—
65,611
8,000
96,123
50,705
1,456
—
—
1,456
3,192
990
2,318
—
—
—
—
—
—
—
990
2,318
—
680
6,242
4,170| ||**71,375**
**7,000**
**—**
**78,375**
**161,112**
28,661
30,000
—
—
—
—
28,661
30,000
34,064
7,200
5,389
—
—
5,389
5,967
314
5,737
110
—
8,628
—
—
—
—
—
—
—
—
—
—
314
5,737
110
—
8,628
3,502
14,464
522
4,170
2,706| ||**78,839**
**—**
**—**
**78,839**
**72,595**
—
—
—
—
—| ||**(7,464)**
**7,000**
**—**
**(464)**
**88,517**
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—| ||**(7,464)**
**7,000**
**—**
**(464)**
**88,517**| ||**88,904**
**32,110**
**—**
**121,014**
**32,497**| ||**81,440**
**39,110**
**—**
**120,550**
**121,014**
81,440
—
—
81,440
88,904
—
39,110
—
39,110
32,110| _Page 5_ ## **Balance sheet** ||**Total funds**
**Prioryear funds**
—
—
—
—
—
242
116,133
3,000
1,440
123,189
—
—
**120,573**
**123,431**
23
2,417
**120,550**
**121,014**
**120,550**
**121,014**
**120,550**
**121,014**
81,440
88,904
39,110
32,110
**120,550**
**121,014**| |---|---| |**Fixed assets**
Tangible assets
**Current assets**
Debtors
Cash at bank and in hand
Prepayments
Credit Card
**Current liabilities**
Creditors
**Net current assets less current liabilities**
**Total assets less current liabilities**
**Total net assets less liabilities**
**Represented by**
**Unrestricted**
General fund
**Restricted**
Restricted fund
**Funds**|| _Page 6_ ## **Statement of assets and liabilities** ||**General Designated**
**Restricted Endowment**
**Thisyear**
**Lastyear**| |---|---| |**Fixed assets - Tangible assets**
**Totals**
**Current assets - Cash at bank and in hand**
Bank Account - Current
**Totals**
**Current assets - Debtors**
Accounts Receivable
Prepayments
Other
**Totals**
**Current Liabilities**
Creditors
**Grand total**|—
—
—
—
—
—| ||—
**—**
**—**
**—**
—
—
116,133
—
—
—
116,133
123,189| ||**116,133**
**—**
**—**
**—**
**116,133**
**123,189**
—
3,000
1,440
—
—
—
—
—
—
—
—
—
—
3,000
1,440
242
—
—| ||**4,440**
**—**
**—**
**—**
**4,440**
**242**
23
—
—
—
23
2,417| ||**120,550**
**—**
—
**—**
**120,550**
**121,014**| ## **Fund movement by type** ||**Opening**
**Incoming**
**Outgoing**
**Transfers Gains/losses**
**Closing**| |---|---| |**Restricted - Restricted fund**
Restricted
**Sub-total for Restricted**
**General - General fund**
Unrestricted
**Sub-total for General**
**Grand total**|32,110
7,000
—
—
—
39,110| ||**32,110**
**7,000**
**—**
**—**
**—**
**39,110**
88,904
71,375
78,839
—
—
81,440| ||**88,904**
**71,375**
**78,839**
**—**
**—**
**81,440**| ||**121,014**
**78,375**
**78,839**
**—**
**—**
**120,550**| _Page 7_ ## **Notes to the Financial Statements** ## **1. Accounting Policies** ## **Basis of preparation** The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at fair value. The accounts (financial statements) have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019. The financial statements are prepared in sterling, which is the functional currency of the charitable company. Monetary amounts in these financial statements are rounded to the nearest £. The accounts have been prepared on the historical cost convention, modified to include revaluation of certain financial instruments at fair value. The principal accounting policies adopted are set out below. ## **Going concern** At the time of approving the financial statements, the trustees have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. Thus, the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. ## **Incoming resources** Income is recognised when the charitable company is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that the income will be received. Donations and grants are recognised once the charitable company has been notified of the donation or grant, unless performance conditions require deferral of the amount. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charitable company to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources. Costs of generating funds are those costs associated with attracting voluntary income. Charitable activities expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Governance costs include those costs associated with the governance of the charity and are primarily associated with constitutional and statutory requirements. Support costs include central functions and have been allocated to activity costs categories consistent with the use of the resource. ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. _Page 8_ Restricted funds can only be used for particular restricted purposes within the objects of the conditions as set by the donors. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **Pension costs and other post-retirement benefits** The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. ## **Cash and cash equivalents** Cash and cash equivalents include cash in hand. ## **Basic financial assets** Basic financial assets, which includes debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. ## **Basic financial liabilities** Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of its operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using effective interest rate. ## **2. Other Trading Activities** |**This year**|**Last year**| |---|---| |1,456|3,192| |**1,456**|**3,192**| ## **3. Trustees’ Remuneration and Benefits** There were no trustees' remuneration or other benefits for the year ended 30 June 2021 nor for the period ended 30 June 2020. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 30 June 2021 nor for the period ended 30 June 2020. _Page 9_ ## **4. Staff Costs** The average monthly number of employees during the year was as follows: |**This year**|**Last year**| |---|---| |1|0| |**1**|**0**| No employees received emoluments in excess of £60,000. ## **5. Comparatives for the Statement of Financial Activities** ||**Unrestricted**
**Restricted**
**Endowment**
**Total**
**Prior year**
**funds**
**funds**
**funds**
**funds**
**total funds**| |---|---| |**Income and endowments from:**
Donations and legacies
Grants
Other trading activities
Other income
Admin
Transfers
**Total income and endowments:**
**Expenditure on:**
Maintenance / Utilities
Rent
General Services
Management and Administration
Staff
Marketing and Advertising
Transfer
Other
**Total expenditure:**
Gains / losses on investment assets
**Net income / (expenditure) resources before**
**transfer**
**Transfers**
Gross transfers between funds - in
Gross transfers between funds - out
**Other recognised gains / losses**
Gains on revaluation, fixed assets, charity's own use
**Net movement in funds**
**Total funds brought forward**
**Total funds carried forward**
**Represented by**
**Unrestricted**
General fund
**Restricted**
Restricted fund|65,611
1,000
—
7,000
—
—
65,611
8,000
96,123
50,705
1,456
—
—
1,456
3,192
990
2,318
—
—
—
—
—
—
—
990
2,318
—
680
6,242
4,170| ||**71,375**
**7,000**
**—**
**78,375**
**161,112**
28,661
30,000
—
—
—
—
28,661
30,000
34,064
7,200
5,389
—
—
5,389
5,967
314
5,737
110
—
8,628
—
—
—
—
—
—
—
—
—
—
314
5,737
110
—
8,628
3,502
14,464
522
4,170
2,706| ||**78,839**
**—**
**—**
**78,839**
**72,595**
—
—
—
—
—| ||**(7,464)**
**7,000**
**—**
**(464)**
**88,517**
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—| ||**(7,464)**
**7,000**
**—**
**(464)**
**88,517**| ||**88,904**
**32,110**
**—**
**121,014**
**32,497**| ||**81,440**
**39,110**
**—**
**120,550**
**121,014**
81,440
—
—
81,440
88,904
—
39,110
—
39,110
32,110| _Page 10_ ## **6. Debtors: Amounts falling due within one year** |Reading Bike Kitchen
**7. Creditors: Amounts falling due within one year**
Reading Bike Kitchen|**This year**
**Last year**
—
242| |---|---| ||**—**
**242**
**This year**
**Last year**
23
2,417| ||**23**
**2,417**| ## **8. Leasing Agreements** There were no leasing agreements in the period. ## **9. Related Party Disclosures** There were no related party transactions for the year ended 30 June 2021. ## **10. Analysis of restricted fund movements** |**Balance 1 July 2020**
**Resources**
**Expended**
**Transfers Balance 1 June**
**2021**|**Balance 1 July 2020**
**Resources**
**Expended**
**Transfers Balance 1 June**
**2021**| |---|---| |Bathroom Facilities
All night café
After school café / activities
Community fridge
Covid-19
**Total**|6,182
23,811
—
—
—
—
—
—
6,182
23,811
255
3,000
—
—
3,255
1,862
—
—
4,000
—
—
—
—
1,862
4,000| ||**32,110**
**7,000**
**—**
—
**39,110**| All restricted funds are to assist the charitable company in respect of the provision of services. Coronavirus support relates to funding to assist the activities during the Covid-19 pandemic. _Page 11_ ## **Detailed Statement of Financial Activities for the Year Ended 30 June 2021** ## **Analysis of income** ## **Donations and legacies** |Reading Borough Council
Lottery
Fund Raising
Donations & Events
PAYPAL
Schools
Smile
Charities Aid Foundation
**Total**|**Total**
**Unrestricted**
**Designated**
**Restricted Endowment**
**This year**
**Last year**
—
—
—
50,168
6,687
332
151
8,273
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
50,168
6,687
332
151
8,273
10,000
18,954
786
46,450
19,215
718
—
—| |---|---| ||**65,611**
**—**
**—**
**—**
**65,611**
**96,123**| |**Grants**
Reading Borough Council
ASC Activities
Misc for general activities
Restricted Covid
**Total**|**Total**
**Unrestricted**
**Designated**
**Restricted Endowment**
**This year**
**Last year**
1,000
—
—
—
—
—
—
—
3,000
—
—
4,000
—
—
—
—
4,000
—
—
4,000
13,000
8,950
28,755
—| ||**1,000**
—
**7,000**
**—**
**8,000**
**50,705**| ## **Other trading activities** |**Other trading activities**|| |---|---| |Bike Kitchen
**Total**|**Total**
**Unrestricted**
**Designated**
**Restricted Endowment**
**This year**
**Last year**
1,456
—
—
—
1,456
3,192| ||**1,456**
**—**
**—**
**—**
**1,456**
**3,192**| |**Other income**
The Way Ministry
Sadaka
**Total**|**Total**
**Unrestricted**
**Designated**
**Restricted**
**Endowment**
**This year**
**Last year**
—
—
—
—
—
520
990
—
—
—
990
160| ||990
—
—
—
990
680| _Page 12_ ## **Admin** |**dmin**||| |---|---|---| |HMRC
Refunds
**Total**||**Total**
**Unrestricted**
**Designated**
**Restricted**
**Endowment**
**This year**
**Last year**
2,318
—
—
—
—
—
—
—
2,318
—
5,902
340| |||2,318
—
—
—
2,318
6,242| ## **Analysis of expenditure** ## **Expenditure on Maintenance / Utilities** |Utilities
Repairs and Maintenance
Rent
Materials & Equipment
Insurance
H&S
**Total**|**Total**
**Unrestricted**
**Designated**
**Restricted**
**Endowment**
**This year**
**Last year**
4,870
—
—
—
4,870
5,857
4,982
—
—
—
4,982
1,242
30,000
—
—
—
30,000
28,800
14,420
603
3,786
—
—
—
—
—
—
—
—
—
14,420
603
3,786
4,158
528
679| |---|---| ||58,661
—
—
—
58,661
41,264| ## **Expenditure on General Services** |After school café
Food & Beverage
Other
Computer Expenses
**Total**|**Total**
**Unrestricted**
**Designated**
**Restricted**
**Endowment**
**This year**
**Last year**
3,794
—
—
—
3,794
2,616
36
—
—
—
36
1,033
622
937
—
—
—
—
—
—
622
937
2,099
219| |---|---| ||5,389
—
—
—
5,389
5,967| ## **Expenditure on Management & Administration** |Professional Fees
Administration Fees
Other
**Total**|**Total**
**Unrestricted**
**Designated**
**Restricted**
**Endowment**
**This year**
**Last year**
314
—
—
—
314
1,628
—
—
—
—
—
966
—
—
—
—
—
908| |---|---| ||314
—
—
—
314
3,502| _Page 13_ ## **Other expenditure** |**ther expenditure**|| |---|---| |Staff Costs UK
Marketing & Advertising
Other
**Total**|**Total**
**Unrestricted**
**Designated**
**Restricted**
**Endowment**
**This year**
**Last year**
5,737
—
—
—
5,737
14,464
110
8,628
—
—
—
—
—
—
110
8,628
522
2,706| ||14,475
—
—
—
14,475
17,692| _Page 14_